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The latest update is out from Kingsmen Creatives ( (SG:5MZ) ).
Kingsmen Creatives said its 71% indirectly owned Malaysian subsidiary, Kingsmen Projects Sdn. Bhd., has been served with a winding-up petition by Yap GRC Construction Sdn. Bhd. in the High Court of Malaya. The petition, relating to RM86,107.20 for work done plus interest and costs, has been fixed for hearing on 11 May 2026, and the Group is seeking legal advice on the matter.
The company stated that the petition is not expected to have any material impact on its earnings per share or net tangible assets per share for the financial year ending 31 December 2026. It also noted that none of its directors or major shareholders has any interest in the case beyond their positions in the Group, while advising shareholders and potential investors to exercise caution and await further announcements.
More about Kingsmen Creatives
Kingsmen Creatives Ltd. is a Singapore-listed company that operates through various subsidiaries, including Kingsmen Projects Sdn. Bhd. in Malaysia. The Group is involved in project-related activities, working with external contractors and service providers in regional markets such as Malaysia as part of its broader operations.
Average Trading Volume: 108,528
Technical Sentiment Signal: Buy
Current Market Cap: S$109.1M
Find detailed analytics on 5MZ stock on TipRanks’ Stock Analysis page.